White House announces additional $200B in tariffs targeting China

In Hong Kong and China where many suppliers to US retailing giants are based shares of companies in affected sectors fell. — Reuters pic

The list of goods affected by the new tariffs includes seafood, fruits and vegetables, grains and tobacco.

All told, Trump has threatened eventually to slap tariffs on up to $550 billion in Chinese imports - more than China actually exported to the United States previous year - if Beijing won't relent to US pressure and continues to retaliate.

"China is forced to strike back to safeguard core national interests and the interests of its people", the Commerce Ministry said in a statement to CNN last week.

The United States has made a decision to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration officials said on Tuesday. "Unfortunately, China has not changed its behavior - behavior that puts the future of the USA economy at risk".

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Tne Trump administration has announced additional China tariffs, say insiders. The first round of tariffs covered Chinese products ranging from farming plows to machine tools and communications satellites.

Chinese officials are expected to retaliate in other ways, hitting USA firms in China with unplanned inspections, delays in approving financial transactions and other administrative headaches.

A ship carrying US soybeans took off for China last week just before the Asian country's retaliatory tariffs went into effect. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers.

The president last month asked the U.S. Trade Representative's office to identify US$200 billion of Chinese goods that could be hit with 10 percent tariffs.

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